Question 1

If Taylor conveys property "to Baines for life" and makes no disposition of the remainder of the estate, Taylor holds
the reversion.

Accepted Answer

A) True 
 B)False

Question 2

An easement describes a limited possessory interest in the land.

Accepted Answer

A) True 
 B)False

Question 3

A profit is not usually exclusive to the owner of that right.

Accepted Answer

A) True 
 B)False

Question 4

A license is generally irrevocable by the property owner.

Accepted Answer

A) True 
 B)False

Question 5

Explain what is meant by an implied warranty of habitability and how this doctrine has changed the common law approach with respect to residential leases.

Accepted Answer

Under the common law, the landlord is un

Question 6

Agatha, Betty, and Clara are sisters who own 300 acres of land as joint tenants.
a. What interest does each of them have in the parcel of land?
b. If Betty dies, what happens to her share of the 300 acres?
c.If Clara sells one-half of her interest to Diane, what interest does Diane acquire in the 300-acre parcel?

Accepted Answer

a. As joint tenants, Agatha, Betty, and

Question 7

If B grants A a life estate in his property and then B dies, what happens to the land when A dies?

Accepted Answer

A)  It goes to A's heirs. 
B)  It goes to the state. 
C)  It reverts to B's heirs. 
D)  It passes under A's will. 
A)  It goes to A's heirs. 
B)  It goes to the state. 
C)  It reverts to B's heirs. 
D)  It passes under A's will.

Question 8

An easement may be created in which of the following cases?

Accepted Answer

A)  The landowner agrees to it in writing. 
B)  It is necessary for access to the land. 
C)  It is taken by using the land adversely to the rightful owner's use openly for a period of years. 
D)  All of these. 
A)  The landowner agrees to it in writing. 
B)  It is necessary for access to the land. 
C)  It is taken by using the land adversely to the rightful owner's use openly for a period of years. 
D)  All of these.

Question 9

An easement in gross is personal to the one individual who obtained that right and will not pass to another owner of the property.

Accepted Answer

A) True 
 B)False

Question 10

A possibility of reverter is the complementary estate to a:

Accepted Answer

A)  fee simple. 
B)  qualified fee. 
C)  life estate. 
D)  reversion. 
A)  fee simple. 
B)  qualified fee. 
C)  life estate. 
D)  reversion.

Question 11

A transaction whereby the tenant transfers away her entire interest under a lease is called a(n):

Accepted Answer

A)  sublease. 
B)  assignment. 
C)  eviction. 
D)  abandonment. 
A)  sublease. 
B)  assignment. 
C)  eviction. 
D)  abandonment.

Question 12

Millie, a tenant, abandons her apartment after 6 months, even though there are 6 months left on her lease. If there were no survival clause in the lease, would the landlord be able to hold Millie liable for rent?

Accepted Answer

A)  Yes, but he must leave the apartment vacant 
B)  Yes, after he gives notice to the tenant 
C)  Yes, after he relets the apartment 
D)  No, the landlord must relet the apartment in order to collect rent for the remaining lease term. 
A)  Yes, but he must leave the apartment vacant 
B)  Yes, after he gives notice to the tenant 
C)  Yes, after he relets the apartment 
D)  No, the landlord must relet the apartment in order to collect rent for the remaining lease term.

Question 13

To create a joint tenancy, all tenants must acquire title by the same instrument.

Accepted Answer

A) True 
 B)False

Question 14

An assignment is made when the tenant transfers control of part of his entire interest in the leased property to a third party.

Accepted Answer

A) True 
 B)False

Question 15

Joanne rents a single-family house and lot for one year starting September 1. If the house burns down, the common law requires:

Accepted Answer

A)  payment of rent up to the time of the destruction. 
B)  payment to be suspended until the house is repaired. 
C)  termination of the lease. 
D)  payment to continue for the entire year. 
A)  payment of rent up to the time of the destruction. 
B)  payment to be suspended until the house is repaired. 
C)  termination of the lease. 
D)  payment to continue for the entire year.

Question 16

All interests in property that can be conveyed carry the right to immediate possession.

Accepted Answer

A) True 
 B)False

Question 17

Most state statutes permit a landlord to evict a tenant for nonpayment of rent.

Accepted Answer

A) True 
 B)False

Question 18

An interest in the future that arises in a third party is called a(n):

Accepted Answer

A)  reversion. 
B)  remainder. 
C)  assignment. 
D)  fee simple absolute. 
A)  reversion. 
B)  remainder. 
C)  assignment. 
D)  fee simple absolute.

Question 19

When an owner of land subdivides it into lots and records the plat of the subdivision, he is held by some statutes and by common law to have dedicated to the public all streets, alleys, parks, playgrounds, and beaches shown on the plat.

Accepted Answer

A) True 
 B)False

Question 20

A survival clause refers to:

Accepted Answer

A)  a remainder in a life estate. 
B)  a possibility of reverter. 
C)  a provision in a lease contract providing that the tenant's eviction for non-payment of rent will not relieve her of liability for damages for rent not paid. 
D)  All of these. 
A)  a remainder in a life estate. 
B)  a possibility of reverter. 
C)  a provision in a lease contract providing that the tenant's eviction for non-payment of rent will not relieve her of liability for damages for rent not paid. 
D)  All of these.

Exam 48: Interests in Real Property

If Taylor conveys property "to Baines for life" and makes no disposition of the remainder of the estate, Taylor holds the reversion.

An easement describes a limited possessory interest in the land.

A profit is not usually exclusive to the owner of that right.

A license is generally irrevocable by the property owner.

Explain what is meant by an implied warranty of habitability and how this doctrine has changed the common law approach with respect to residential leases.

If B grants A a life estate in his property and then B dies, what happens to the land when A dies?

An easement may be created in which of the following cases?

An easement in gross is personal to the one individual who obtained that right and will not pass to another owner of the property.

A possibility of reverter is the complementary estate to a:

A transaction whereby the tenant transfers away her entire interest under a lease is called a(n):

Millie, a tenant, abandons her apartment after 6 months, even though there are 6 months left on her lease. If there were no survival clause in the lease, would the landlord be able to hold Millie liable for rent?

To create a joint tenancy, all tenants must acquire title by the same instrument.

An assignment is made when the tenant transfers control of part of his entire interest in the leased property to a third party.

Joanne rents a single-family house and lot for one year starting September 1. If the house burns down, the common law requires:

All interests in property that can be conveyed carry the right to immediate possession.

Most state statutes permit a landlord to evict a tenant for nonpayment of rent.

An interest in the future that arises in a third party is called a(n):

When an owner of land subdivides it into lots and records the plat of the subdivision, he is held by some statutes and by common law to have dedicated to the public all streets, alleys, parks, playgrounds, and beaches shown on the plat.

A survival clause refers to:

Introduction to Law

Business Ethics and the Social Responsibility of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Relationship of Principal and Agent

Relationship With Third Parties

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Products Liability: Warranties and Strict Liability in Tort

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature, Formation, and Powers

Financial Structure

Management Structure

Fundamental Changes

Secured Transactions and Suretyship

Bankruptcy

Protection of Intellectual Property

Antitrust

Consumer Protection

Employment Law

Securities Regulation

Accountants Legal Liability

Environmental Law

International Business Law

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Transfer and Control of Real Property

Trusts and Decedents Estates

the Legal Environment of Business

Contracts

Agency

Sales

Negotiable Instruments

Unincorporated Business Associations

Corporations

Debtor and Creditor Relations

Regulation of Business

Property

Filters